IASB Exposure Draft on Covid-19-Related Rent Concessions
News types: Consultation Announcement, Policies and Responsibilities, Publications
Published: 24 April 2020
IASB published today (24 April 2020) Exposure Draft ED/2020/2 Covid-19-Related Rent Concessions: https://www.ifrs.org/projects/work-plan/ifrs-16-and-covid-19/
The exposure draft proposes relief from assessing whether Covid-19 related rent concessions are lease modifications, and proposes that lessees account for Covid-19 related rent concessions as if they are not lease modifications. The 14-day comment period deadline closes on 8 May 2020.
The exposure draft proposes relief from assessing whether Covid-19 related rent concessions are lease modifications, and proposes that lessees account for Covid-19 related rent concessions as if they are not lease modifications. The 14-day comment period deadline closes on 8 May 2020.